good read on why gold stocks about to rally, page-27

GM or "the squid" as they are known should never be trusted...

Certainly the ASX200 looks mighty sus in particular our big 4 banks - no doubt a sell algo/short algo is in play with NCM hence NCM trades hand in hand with the general market despite the rising gold price....But while the outlook for our big 4 banks is highly questionable due to rising funding costs/ softening local residential/commercial property markets/rising delinquencies the outlook for NCM is getting brighter by the day - in aud terms gold now at $1450 and looks like it will challenge $1500 by the end of next month. Agree that a softening copper price adds to rising cash costs but silver will continue to rise and now much of the short term speculation is out of this market & it should rise together with gold.

So whilst I'm 100% locked in with the negative outlook for our general equity markets in particular the Big 4 banks I see fundamentals improving for NCM - therefore I am still of the opinion that any short term price weakness in NCM represents an excellent buying opportunity.

Finally respected mainstream gold analyst John Bridges from JPM has a 12 month price target of $89 for Newmont (which is 80% above its current share price )- I would argue that Newcrest's fundamentals are every bit as good as Newmonts....http://online.barrons.com/article/SB50001424052970204038504576329570794106008.html#articleTabs_panel_article%3D1